Laurentian Bank of Canada (TSE:LB) Given Consensus Rating of “Strong Sell” by Analysts

Laurentian Bank of Canada (TSE:LB) has been given a consensus recommendation of “Strong Sell” by the six research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$35.19.

LB has been the topic of several research analyst reports. BMO Capital Markets boosted their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$40.50 in a report on Monday, December 8th. Royal Bank Of Canada upgraded shares of Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and lifted their price target for the company from C$25.00 to C$40.00 in a research report on Monday, December 8th. CIBC lowered shares of Laurentian Bank of Canada from a “neutral” rating to a “tender” rating and upped their price objective for the stock from C$35.00 to C$40.50 in a report on Monday, December 8th. Scotiabank set a C$33.00 price objective on shares of Laurentian Bank of Canada and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. Finally, Raymond James Financial downgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a report on Monday, December 8th.

Laurentian Bank of Canada Stock Performance

Shares of Laurentian Bank of Canada stock opened at C$39.94 on Thursday. The stock has a 50 day moving average of C$36.89 and a 200 day moving average of C$33.45. The firm has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.76 and a beta of 1.57. Laurentian Bank of Canada has a fifty-two week low of C$24.37 and a fifty-two week high of C$40.42.

Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings results on Friday, December 5th. The company reported C$0.73 EPS for the quarter. The business had revenue of C$244.71 million for the quarter. Laurentian Bank of Canada had a negative return on equity of 0.20% and a negative net margin of 0.30%. Analysts forecast that Laurentian Bank of Canada will post 3.8414986 EPS for the current year.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients. The business services segment provides financial services, commercial banking, real estate financing, and equipment and inventory financing to business clients.